Chapter

Reports of the Joint Procedures Committee

Author(s):
International Monetary Fund. Secretary's Department
Published Date:
November 1993
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ChairmanHungary
Vice ChairmenMexico, Zimbabwe
Reporting MemberChina

Other Members

Argentina, The Bahamas, Benin, Egypt, Estonia, France, Germany, Honduras, Indonesia, Japan, Mongolia, New Zealand, Nigeria, Pakistan, Spain, Tanzania, United Kingdom, United States

Report II1

September 29, 1993

Mr. Chairman:

At the meeting of the Joint Procedures Committee held on September 29,1993, items of business on the agenda of the Board of Governors of the International Monetary Fund were considered.

The Committee submits the following report and recommendations:

1. 1993 Annual Report

The Committee noted that provision had been made for the annual discussion of the business of the Fund.

2. Report of the Chairman of the Interim Committee

The Committee noted the presentation made by the Chairman of the Interim Committee.2

The Committee recommends that the Board of Governors of the Fund thank the Interim Committee for its work.

3. Financial Statements, Report on Audit, and Administrative Budget The Committee considered the Report on Audit for the financial

year ended April 30, 1993, the Financial Statements contained therein (Fund Document No. 6 and Appendix IX of the 1993 Annual Report) and the Administrative Budget for the financial year ending April 30, 1994, and the Capital Budget for capital projects beginning in financial year 1994 (Fund Document No. 8 and Appendix VIII of the 1993 Annual Report).

The Committee recommends that the Board of Governors of the Fund adopt the draft resolution set forth in Fund Document No. 7.3

4. Amendments of Rules and Regulations

The Committee has reviewed and noted the letter of the Managing Director and Chairman of the Executive Board to the Chairman of the Board of Governors, dated September 28, 1993, reproduced as Fund Document No. 9, regarding amendments to the Rules and Regulations set forth in Annex I to that document.

The Committee recommends that the Board of Governors of the Fund adopt the draft resolution set forth in Annex II of Document No. 9.

Approved:

/s/ Ivan Szabo/s/ Liu Zhongli
Hungary—ChairmanChina—Reporting Member

Report III1

September 29, 1993

Mr. Chairman:

The Joint Procedures Committee met on September 29, 1993 and submits the following report and recommendations:

1. Development Committee

The Committee noted that the Report of the Chairman of the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee) has been presented to the Boards of Governors of the Bank and Fund pursuant to paragraph 5 of Resolutions Nos. 294 and 29–9 of the Bank and Fund, respectively (Bank Document No. 3 and Fund Document No. 5).

The Committee recommends that the Boards of Governors of the Bank and the Fund note the report and thank the Development Committee for its work.

2. Officers and Joint Procedures Committee for 1993/94

The Committee recommends that the Governor for Bangladesh be Chairman, and that the Governors for Niger and Sweden be Vice Chairmen, of the Boards of Governors of the World Bank Group and of the Fund, to hold office until the close of the next Annual Meetings.

It is further recommended that a Joint Procedures Committee be established to be available, after the termination of these meetings and until the close of the next Annual Meetings, for consultation at the discretion of the Chairman, normally by correspondence and, if the occasion requires, by convening; and that this Committee shall consist of the Governors for the following members: Botswana, Brazil, Bulgaria, Cape Verde, France, Germany, Japan, Jordan, India, Kazakhstan, Namibia, Peru, Philippines, Russian Federation, Saudi Arabia, Switzerland, United Kingdom, United States, and Uruguay.

It is recommended that the Chairman of the Joint Procedures Committee shall be the Governor for Bangladesh, and the Vice Chairmen shall be the Governors for Niger and Sweden, and that the Governor for Trinidad and Tobago shall serve as Reporting Member.

Approved:

/s/ Ivan Szabo/s/ Liu Zhongli
Hungary—ChairmanChina—Reporting Member

Report I dealt with the business of the Boards of Governors of the Bank, IFC, and IDA. Report II and the resolutions contained therein were adopted by the Board of Governors of the Fund, in Joint Session with the Boards of Governors of the Bank, IFC, and IDA, on September 30, 1993.

See pages 29–31.

Resolution No. 48-7; see page 248.

Report III and the recommendations contained therein were adopted by the Boards of Governors of the World Bank Group and the Fund, in Joint Session, on September 30,1993.

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